source avatarKalista.hl (τ τ) ⟠

Share

$ENA weekly is building a clear accumulation base after the multi-year downtrend. Price is sitting right on the major support zone ($0.10–$0.19). Classic rounded bottom forming with the first higher lows. As long as this zone holds on weekly closes, smart money is accumulating here. Break above opens the path toward $0.50–$0.80+. Lose $0.10 with conviction → one more flush lower. Right now the structure looks constructive - closer to a local bottom than another leg down. Simple: DCA @ethena this zone and let HTF play out.

No.0 picture
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.